The 2020 Budget will be held on Wednesday 11 March 2020, Sajid Javid has confirmed.
The Chancellor of the Exchequer said the Budget will set out ambitious plans to ‘unleash Britain’s potential’ during a visit to the new £350m Trafford Park tram line project in Manchester, where plans for the Government’s first Budget were revealed.
Javid said: “People across the country have told us that they want change. We’ve listened and will now deliver.
“With this Budget we will unleash Britain’s potential – uniting our great country, opening a new chapter for our economy and ushering in a decade of renewal.”
The Treasury has indicated that the Chancellor will also update the Charter of Fiscal Responsibility with new rules at the Budget, to take advantage of low interest rates and invest ‘properly and responsibly’ while keeping debt under control.
Javid also revealed he will prioritise the environment and build on recent announcements to boost spending on public services and to tackle the cost of living. The Chancellor suggested these pledges will include investing in new hospitals, training thousands of new police officers, funding vocational education and the ‘biggest ever cash increase’ to the National Living Wage.
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